India, Feb. 1 -- Driven by robust post-pandemic recovery and increased formalisation, labour market indicators in India have improved substantially in the last few years. As per Periodic Labour Force Survey (PLFS), the unemployment rate in India has dropped significantly and labour force participation and the worker population ratio have shown considerable improvements. Additionally, sectors like the digital economy and renewable energy offer vast potential for creating high-quality jobs, which is essential for achieving the Viksit Bharat's vision. This was stated by Economic Survey 2024-25 tabled by Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman in Parliament today.

Key indicators of labour market are:

The Un...